Suppose that a manufacturer produces two brands of a product, brand 1 and brand 2. Suppose the demand for brand 1 is
thousand units and the demand for brand 2 is
thousand units, where p1 and p2 prices in dollars. If the joint cost function is
, in thousands of dollars, how many of each brand should be produced to maximize profit?
A) 74 units of brand 1
82 units of brand 2
B) 9 units of brand 1
52 units of brand 2
C) 74 units of brand 1
52 units of brand 2
D) 14 units of brand 1
38 units of brand 2
E) 27 units of brand 1
77 units of brand 2
Correct Answer:
Verified
Q90: Test for relative maximum and minimum.
Q91: Suppose that Q92: Find the values for each of the Q93: A company manufactures two products, A and Q94: Test for relative maximum and minimum. Q96: Test for relative maximum and minimum. Q97: Test for relative maximum and minimum. Q98: Suppose that the data in the table![]()
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